Armonk, N.Y. (Dec. 10, 2003) -- Accounting is among 12 vertically integrated markets that technology giant IBM is concentrating on as part of its decision to move away from producing generic business technology.

Elaborating on IBM's Dec. 1 announcement that it was realigning to develop and market vertical industry-focused systems, spokesman Jay Pierce this week said that that strategy hinges on Big Blue's partnerships with independent software vendors already serving the targeted verticals. He cited San Mateo, Calif.-based Intacct Corp., a Web-hosted accounting and business management applications company, as one of its key ISV partners in accounting.

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